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WELL Health Technologies Corp T.WELL

Alternate Symbol(s):  WHTCF | T.WELL.DB

WELL Health Technologies Corp. is a Canada-based practitioner-focused digital healthcare company. Its healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. Its business units include Canadian Patient Services, WELL Health USA Patient and Provider Services, and SaaS and Technology Services. Its solutions enable more than 38,000 healthcare providers between the United States and Canada and power owned and operated healthcare ecosystem in Canada with over 200 clinics supporting primary care, specialized care, and diagnostic services. In the United States its solutions are focused on specialized markets such as the gastrointestinal market, women's health, primary care, and mental health. WELL Health USA Patient and Provider Services consists of four assets: CRH Medical, Provider Staffing, Circle Medical and Wisp. It provides cybersecurity protection and patient data privacy solutions.


TSX:WELL - Post by User

Comment by brandinvestoron Feb 02, 2023 10:59am
150 Views
Post# 35262255

RE:RE:RE:Messy BB

RE:RE:RE:Messy BB

From my research:
The way they run clinics is in a much different way that you'd usually expect (Worked in healthcare for quite a long time). 

Rather than the owner or doctor running the entire business, WELL comes in with their technology which runs the admin side of things and the doctor just sees the patient. In turn they get a 70/30 split according to the job ads. Doctor gets 70%, WELL gets 30%

DoctorCare for Automated Billing
CognicentMD (Spelled correctly?) for Online Booking, Reminders, Patient Communication
Oscar pro for their Electronical Medical Records
apps.health for everything the doctor would usually hire people to do.

Looking at technology like phelix, where AI does most things the receptionist does, Ocean comes in with their Kiosk so you go to the clinic, sign in with the Kiosk, fill out any forms needed from the Kiosk. 

Seems they can do everything a normal clinic does but with only doctors, and the rest being technology.

CRH - I can't find much in the case of technology other than the oregan or orielly banding system.

MyHealth - Same as the above, technology is automating everything it seems

Pharmacy and Telehealth is all technology. They own the telehealth company TIA Health. They can integrate with PrescribeIT and Pillway to automate prescriptions (I think they own Pillway?).

Lastly 1/3rd of their revenue comes from WISP  it seems - https://hellowisp.com/about

This company is literally just an online shop of STD and Womens health drugs that allows you to stay more private and do everything online. 

I'd sum up that 1/2 of the company is "Technology" and the other half is Patient or People based. 

 

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